Meta Raises $10 Billion in First-Ever Bond Offering

Reuters2022-08-10

Aug 9 (Reuters) - Facebook-parent Meta Platforms Inc said on Tuesday it had raised $10 billion in its first-ever bond offering, as it looks to fund share buybacks and investments to revamp its business.

The offering would help Meta, the only one among big technology companies without debt on its books, to build a more traditional balance sheet and fund some expensive initiatives, such as its metaverse virtual reality.

Other tech giants such as Apple Inc and Intel Corp also issued bonds recently, raising $5.5 billion and $6 billion, respectively.

In late July, Meta posted a gloomy forecast and recorded its first-ever quarterly drop in revenue, with recession fears and competitive pressures weighing on its digital ads sales.

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Comments

nctony
2022-08-10
nctony
Great news[Miser] [Miser]
Tailwind
2022-08-10
Tailwind
👌
Ryanlmh
2022-08-10
Ryanlmh
K
CKF68
2022-08-10
CKF68
Bonding time!
SR050321
2022-08-10
SR050321
I like $Meta Platforms, Inc.(META)$but don't understand why need to issue bond to fund the share buyback ? If no cash then don't buy back ? Share no need to pay interest, while bond usually companies issue with promise to give interest by when and the percentage is fix during the issuance. [Doubt]
vic78
2022-08-10
vic78
👍👍

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If no cash then don't buy back ? Share no need to pay interest, while bond usually companies issue with promise to give interest by when and the percentage is fix during the issuance.&nbsp;[Doubt]&nbsp;","listText":"I like <a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$</a>but don't understand why need to issue bond to fund the share buyback ? If no cash then don't buy back ? Share no need to pay interest, while bond usually companies issue with promise to give interest by when and the percentage is fix during the issuance.&nbsp;[Doubt]&nbsp;","text":"I like $Meta Platforms, Inc.(META)$but don't understand why need to issue bond to fund the share buyback ? If no cash then don't buy back ? Share no need to pay interest, while bond usually companies issue with promise to give interest by when and the percentage is fix during the issuance. [Doubt]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":15,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9904435993","repostId":2258173230,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9904494153,"gmtCreate":1660088440675,"gmtModify":1703477653285,"author":{"id":"3584874174562489","authorId":"3584874174562489","name":"vic78","avatar":"https://static.tigerbbs.com/d4dc3bd30cec435b0345175f72eeb4dc","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":3,"crmLevelSwitch":0,"idStr":"3584874174562489","authorIdStr":"3584874174562489"},"htmlText":"👍👍","listText":"👍👍","text":"👍👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9904494153","repostId":2258173230,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":231,"commentSize":26,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2258173230"}